LANXESS makes changes to distribution setup for lubricant additives business in North America

Shelton, Conn. – April 23, 2019– The Additives (ADD) business unit of specialty chemicals company LANXESS is restructuring its distribution setup for its lubricant additives products. Its Lubricant Additives business line, which offers a comprehensive product portfolio for the lubricant industry, announced today that Palmer Holland will become the distributor for its lubricant additives products in North America.

The Ohio-based specialty chemical distributor will adda variety of base stocks, additives and finished fluids to its current offering of Additin® products. Some of the LANXESS staple brands that now will be available through Palmer Holland are:Barinate™, Calcinate™, Durad®, Hybase®, Lobase®, Naugalube®, Surchem™, Hatcol®, Reolube® and Synton® .

“We are pleased to expand our relationship with Palmer Holland,” said Duane Hall, head of sales for LANXESS’ Lubricant Additives business line.“Palmer Holland has a knowledgeable sales staff throughout the U.S. and has earned a reputation as a professional, customer-focused partner for our Additin brand in the lubricant additives market. We are excited to work together to serve our customers with effective, efficient and comprehensive solutions to meet their needs.”

“We are excited to add this highly complementary group of LANXESS additives to our lubricant portfolio,” said Eric Kielts, director of lubricants at Palmer Holland. “The high quality, industry leading products from LANXESS will greatly benefit our customers and their formulas. Palmer Holland has a strong relationship with LANXESS’ Lubricant Additives business and this expansion will only deepen that relationship.”

Palmer Holland is a national specialty chemical and ingredient distributor of raw materials with headquarters in Cleveland, Ohio and account managers and ingredient consultants stationed across the United States and Canada.

The Lubricant Additives business line (LAB), part of the LANXESS Additives business unit, comprises a broad portfolio of lubricant products. LANXESS’ product portfolio includes synthetic base fluids, lubricant additives, additive packages and formulated lubricants, used in a wide range of applications and industries including: automotive, marine, aviation and defense and industrial applications such as metal working, power generation, refrigeration, mining & construction, primary metals and food processing.

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,400 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Forward-Looking Statements This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

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